Commercial & Institutional was NatWest’s largest segment in fiscal 2025, bringing in $13.41B of $30.24B (44%).
| Segments [axis] | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial & Institutional | $7.26B | $12.52B | $14.19B | $13.41B | |||||||
| Uk Personal & Business Banking | — | — | — | — | |||||||
| Retail Banking | $5.77B | $7.37B | $9.04B | $10.15B | |||||||
| Uk Personal Banking | — | — | — | — | |||||||
| Commercial Banking | — | — | — | — | |||||||
| Natwest Markets | — | — | — | — | |||||||
| Central Items & Other | $2.67B | $4.34B | $4.84B | $5.42B | |||||||
| Private Banking & Wealth Management | — | $1.16B | $1.25B | $1.26B | |||||||
| Private Banking | $874.00M | — | — | — | |||||||
| Ulster Bank Roi | — | — | — | — | |||||||
| Rbs International | — | — | — | — | |||||||
| Total | $16.57B | $25.38B | $29.32B | $30.24B |
NatWest brought in $30.24B from its four segments in fiscal 2025, the year ended December 31, 2025. That was up 3.1% from $29.32B in fiscal 2024. Commercial & Institutional was the largest at $13.41B (44.4%), ahead of Retail Banking at $10.15B (33.5%) and Central Items & Other at $5.42B (17.9%). The remaining segment, Private Banking & Wealth Management, brought in $1.26B.
Compared with fiscal 2024, Retail Banking grew fastest, up 12.2% to $10.15B, while Commercial & Institutional fell the most, down 5.5% to $13.41B.
NatWest began breaking out Private Banking & Wealth Management in fiscal 2023, when it brought in $1.16B. NatWest stopped reporting Private Banking as a separate segment after fiscal 2022, when it brought in $874.00M.
Uk was NatWest’s largest region in fiscal 2025, bringing in $28.75B of $30.24B (95%).
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Uk | $15.80B | $24.10B | $28.07B | $28.75B | |||||||
| Europe | $558.00M | $1.02B | $857.00M | $1.10B | |||||||
| Usa | $117.00M | $167.00M | $297.00M | $294.00M | |||||||
| Us | — | — | — | — | |||||||
| Row | $104.00M | $103.00M | $102.00M | $101.00M | |||||||
| Total | $16.57B | $25.38B | $29.32B | $30.24B |
NatWest brought in $30.24B from its four regions in fiscal 2025, the year ended December 31, 2025. That was up 3.1% from $29.32B in fiscal 2024. Uk was the largest at $28.75B (95.0%), ahead of Europe at $1.10B (3.6%) and Usa at $294.00M (1.0%). The remaining region, Row, brought in $101.00M.
Compared with fiscal 2024, Europe grew 28.7% to $1.10B and Uk grew 2.4% to $28.75B. From fiscal 2022 to 2025, combined revenue from these regions grew from $16.57B to $30.24B, a compound annual growth rate of 22.2%. Uk's share held steady at about 95.0%.
NatWest (NWG) reports its revenue by segments [axis] and by geography. In fiscal 2025, Commercial & Institutional was its largest segment, bringing in $13.41B (44.4% of the total), followed by Retail Banking at $10.15B (33.5%).
Commercial & Institutional was NatWest's largest segment in fiscal 2025, bringing in $13.41B, or 44.4% of the $30.24B total across its four segments.
Uk was NatWest's largest region in fiscal 2025, bringing in $28.75B, or 95.0% of the $30.24B total across its four regions.
Among NatWest's segments that make up at least 2% of revenue, Retail Banking grew fastest in fiscal 2025, up 12.2% from $9.04B to $10.15B.
Every figure comes from NatWest's annual financial filings, as reported. Each line keeps the name NatWest gives it, and years follow its fiscal calendar.
NatWest's revenue by segments [axis] goes back to fiscal 2015, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.